2 new buildings planned at port

By ZACK McDONALD

Published: Saturday, September 29, 2012 at 07:12 PM.

The second building, sitting on 7.8 acres southeast of the first structure, is an unimproved site under contract for $35,000 per acre.The application was submitted by Saad Development Corporation, a Mobile, Ala. based company, but Saad declined to release the name of the client as of Thursday evening.

“They have a purchase agreement with the city, and they have been approved,” Stubbs said. “We want to leave it to them to disclose that.”

Stubbs said it would be a national freight distribution company. Both could begin construction within 60 days.

“Everything we hear is that it will move forward,” Stubbs said.

At the same time, the Port Authority also would begin extending the entrance road — Commerce Boulevard — by around 800 feet.

“We’ve worked hard to make sure this development is very attractive, and the property values are going to remain high,” Stubbs said. “We think the community is going to be excited with all the development we have going on up there.”

PANAMA CITY— Within 60 days, the 250-acre Intermodal Distribution Center of the Panama City Port Authority could see the beginnings some significant growth.

The Panama City Commission gave the go ahead for two separate distribution facilities during its meeting Tuesday.

The first will be a 150,000-square-foot structure and the second will be a 60,000-square-foot structure. Each will benefit Panama City and Bay County, according to Port Panama City Executive Director Wayne Stubbs.

The first structure, sitting on 17.2 acres directly off U.S. 231, will be a speculative distribution building by Port Panama City.

“That development is targeted at providing space for port users to distribute goods coming into the port,” Stubbs said. “Some need distribution warehouse services, and there aren’t any large scale distribution warehouses available locally.”

Port Panama City is “developing to fulfill that need and gain the economic benefit for Panama City and Bay County by keeping that added-value service local,” Stubbs said.

The Port Authority hired Panattoni development company to lay out the design and the company has been authorized to move forward with the construction phase.

The second building, sitting on 7.8 acres southeast of the first structure, is an unimproved site under contract for $35,000 per acre.The application was submitted by Saad Development Corporation, a Mobile, Ala. based company, but Saad declined to release the name of the client as of Thursday evening.

“They have a purchase agreement with the city, and they have been approved,” Stubbs said. “We want to leave it to them to disclose that.”

Stubbs said it would be a national freight distribution company. Both could begin construction within 60 days.

“Everything we hear is that it will move forward,” Stubbs said.

At the same time, the Port Authority also would begin extending the entrance road — Commerce Boulevard — by around 800 feet.

“We’ve worked hard to make sure this development is very attractive, and the property values are going to remain high,” Stubbs said. “We think the community is going to be excited with all the development we have going on up there.”

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